Ever get hooked on a YouTube spiral, where you start off watching one thing purposefully and by choice, then get hooked by the sequence of algorithmic suggestions, the ones that cleverly blend your interests with […]
DENVER–(BUSINESS WIRE)–Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today first quarter 2021 financial and operational results. Summary Results and Highlights Revenue of $552 million and net loss1 of $39 million, or $0.21 […]
Key Developments: Announced an oil discovery at Uaru-2 on the Stabroek Block, offshore Guyana; adds to the previously announced gross discovered recoverable resource estimate for the block of approximately 9 billion barrels of oil […]
Crude oil imports into the United States reached a peak in 2005, but they dropped 42% between 2005 and 2020 to an average of 5.9 million barrels per day (b/d), the lowest level since 1991. […]
New Delhi: The global wind energy industry is set to grow at a 4 per cent Compounded Annual Growth Rate (CAGR) through 2025, with additional 470 Gigawatt (GW) of capacity creation, helping create 3.3 million jobs over […]
In recent weeks, the number of air travel passengers has increased in the United States, which may indicate a corresponding near-term increase in jet fuel demand. Jet fuel demand has been at historic lows since […]
Hedging remains a mainstay activity for many oil and gas producers, and some crude producers are hedging their crude production farther out into the future than they have in recent history. Price volatility in oil […]
The Federal Reserve on Wednesday kept its easy money policy in place despite an economy that it acknowledged is accelerating. As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero […]
Strong start to 2021 accelerates debt paydown Highlights: First quarter 2021 net earnings of $309 million ($1.16 per share diluted), cash from operating activities of $827 million and non-GAAP cash flow of $890 million Generated $540 million of non-GAAP free cash flow in […]
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.6 million barrels from the previous week. At 493.0 million barrels, U.S. crude oil inventories are about 1% above the five year […]
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